Boehner says the criminal Ponzi scheme you call Socialist Security will have to raise its retirement age to 70 and payouts should be tied to the consumer price index to help keep the system solvent.
While I agree that the system is totally insolvent, it’s also completely criminal. The Socialist Security Ponzi is a TAX, it is not a government run pension program. The bureaucrats suck the cream off the top of the system to fund all manner of criminal activity, such as bailing out failed businesses or waging unending war. The correct solution is to END the entire program.
A few things to keep in mind about the criminal Ponzi you call Socialist Security:
1. If you are single and die at 66, the government thanks you for your cash, because your family sure as hell isn’t going to get it.
2. If you had invested the same amount you put in to Socialist Security throughout your working life, the average tax paying family would have a million in retirement funds.
Some rough figures to show just how much money the government is stealing from you:
The 2008 median annual household income was: $51,233
Assuming 16% of 51,233 in payroll taxes as the annual amount you could have invested yourself = $8,197
$8,197 invested every year for 40 years at 5% interest = $1,097,412.32
If you bought 8,197 dollars in gold ONE TIME PAYMENT in 1970:
The price per oz. of gold in January of 1970 was 34.94, which equates to 234 oz of gold for $8,197.
234 oz of gold today at $1240 an ounce is worth: $291,000 in todays cash.
Now obviously 8,197 dollars in 1970 was worth a hell of a lot more than it is today. That was the equivalent of about 2 new average priced cars at the time. But as we can see, the return on gold is multiples higher than its original real value.
The government is a criminal institution of looting degenerate thugs that use force and violence to rob you of your money. They then hand that money to either social degenerates that don’t feel like working for a living or ultra rich bankers and businessmen that suck at producing profits on their own.
You, the middle class, have been raped.
The Hill reports:
A Republican-held Congress might look to raise the retirement age to 70, House Minority Leader John Boehner (R-Ohio) suggested Monday.
Boehner, the top Republican lawmaker in the House, said raising the retirement age by five years, indexing benefits to the rate of inflation and means-testing benefits would make the massive entitlement program more solvent.
“We’re all living a lot longer than anyone ever expected,” Boehner said in a meeting with the editors of the Pittsburgh Tribune-Review. “And I think that raising the retirement age — going out 20 years, so you’re not affecting anyone close to retirement — and eventually getting the retirement age to 70 is a step that needs to be taken.”
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